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Edward Jones / broker

1 valley roadWayne, NJ, United States Review updated:
Contact information:
Phone: 973 872 1616

dear sir: i called my broker bob olsen about selling my $15, 000 dollar bond with lehman brothers. He told me not to worry, my bond would be safe and i would still receive dividens. The very next week, lehman brothers went bankrupt!! He called to inform me good news and bad news! Lucky i had a bond and not stock, but did not know what i would get back from my bond, and of course no more dividens.I called this broker a week before this all happened! Isn't he responsible for advising me with the wrong info. He surely had an idea of what was going on.could you advise me on what to do. We are senior citizens and do not have a large portfolio. Thank you Helen Van Dam

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Comments

  • Ji
      14th of Aug, 2009
    0 Votes

    I had 45, 000 of my retirement invested in Lehman Bonds. Edward Jones told me not to worry that I would get most of it back. I said I should sell when it went down to around $32, 000. They acted like I would was stupid to sell wanting to sell. They didn't have a clue about what was going on even though he said he was in contact withe Edward Jones Bonds department As far as I am concern it is a crime to sell to old people retired JUNK.

    Now I have SEC and Maryland Securties Division of the DA office looking into the matter.

    Jim Marler
    Baltimore

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